PFG Investments LLC bought a new stake in shares of Ferguson plc (NASDAQ:FERG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,688 shares of the company's stock, valued at approximately $467,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Ferguson by 423.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,462,836 shares of the company's stock valued at $290,475,000 after acquiring an additional 1,183,143 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Ferguson by 7,632.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 677,684 shares of the company's stock valued at $117,626,000 after purchasing an additional 668,920 shares during the period. Southpoint Capital Advisors LP raised its stake in shares of Ferguson by 133.3% in the 3rd quarter. Southpoint Capital Advisors LP now owns 700,000 shares of the company's stock worth $138,999,000 after buying an additional 400,000 shares in the last quarter. Barclays PLC lifted its holdings in shares of Ferguson by 76.9% in the third quarter. Barclays PLC now owns 867,593 shares of the company's stock valued at $172,281,000 after buying an additional 377,283 shares during the period. Finally, SG Americas Securities LLC boosted its stake in Ferguson by 910.3% during the fourth quarter. SG Americas Securities LLC now owns 366,015 shares of the company's stock valued at $63,529,000 after buying an additional 329,786 shares in the last quarter. 81.98% of the stock is currently owned by institutional investors.
Ferguson Stock Down 0.4 %
Ferguson stock traded down $0.64 during mid-day trading on Friday, hitting $181.21. The company's stock had a trading volume of 2,156,633 shares, compared to its average volume of 1,388,750. Ferguson plc has a 52-week low of $167.27 and a 52-week high of $225.63. The company has a market cap of $36.23 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 1.69 and a beta of 1.24. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.68 and a quick ratio of 0.91. The firm's 50 day moving average is $187.04 and its 200 day moving average is $197.06.
Ferguson Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 6th. Investors of record on Friday, December 20th will be given a dividend of $0.83 per share. The ex-dividend date is Friday, December 20th. This is an increase from Ferguson's previous quarterly dividend of $0.79. This represents a $3.32 dividend on an annualized basis and a yield of 1.83%. Ferguson's payout ratio is presently 39.86%.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the stock. Bank of America raised shares of Ferguson from an "underperform" rating to a "buy" rating and upped their price target for the company from $185.00 to $225.00 in a report on Wednesday, January 8th. Wells Fargo & Company reduced their target price on shares of Ferguson from $220.00 to $215.00 and set an "overweight" rating for the company in a report on Tuesday, December 17th. Barclays dropped their price target on Ferguson from $234.00 to $211.00 and set an "overweight" rating on the stock in a report on Thursday, January 16th. Berenberg Bank raised their price objective on Ferguson from $224.00 to $240.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Finally, Citigroup cut their target price on Ferguson from $221.00 to $189.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $220.10.
View Our Latest Stock Analysis on Ferguson
About Ferguson
(
Free Report)
Ferguson plc distributes plumbing and heating products in the United States and Canada. It offers plumbing and heating solutions to customers in the residential, commercial, civil/infrastructure, and industrial end markets. The company also provides expertise, solutions, and products, including infrastructure, plumbing, appliances, fire, fabrication, and others, as well as heating, ventilation, and air conditioning products under the Ferguson brand name.
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